Gold price continues downtrend to 1452 - 1446 while trading below resistance 1458
London (Nov 26) Gold, Tuesday forecast, November 26. Today no any strong news and market going to be trading technically.
Forecast and technical analysis
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1458, which will be followed by reaching support level 1452 and if it keeps on moving down below that level, we may expect the pair to reach support level 1446.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1458, which will be followed by moving up to resistance level 1462.2.
Weekly forecast, November 25 - 29
Sideways trend
The pair is trading along an sideways trend between support 1455 and resistance 1462.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1462.2, which will be followed by moving up to resistance level 1472 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1478.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1455, which will be followed by moving down to support level 1446.
Monthly forecast, November - December
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1517.8, which will be followed by reaching support level 1487 and if it keeps on moving down below that level, we may expect the pair to reach support level 1459.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1517.8, which will be followed by moving up to resistance level 1534 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1556.8.
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